Scandal hitting Acres

580 CFRA
July 26, 2004

Ontario-based Acres International is still feeling the repercussions of a scandal-ridden African water project.

Two years ago, the engineering firm was convicted of bribery and fined three-and-a-half million dollars.

Now it faces World Bank sanctions.

The international development and loan institution has barred Acres from bidding on any World Bank-funded projects for the next three years.

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